Key Points
- EVP John Simon sold 45,607 shares of PG&E on Feb 19 at an average price of $18.00 for roughly $820,926, reducing his position by 10.41% to 392,303 shares; the sale was disclosed in an SEC filing.
- PG&E reported quarter EPS of $0.36 (in line with estimates) but revenue of $6.80 billion missed expectations, set FY2026 guidance of 1.640–1.660 EPS, and recently raised its quarterly dividend from $0.03 to $0.05 (annualized $0.20, yield ~1.1%).
- The stock trades around $18.21 with a market cap of $40.01 billion and a P/E of 15.43, while analysts hold a consensus "Hold" rating with a $20.91 target and institutional investors own about 78.6% of shares.
Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) EVP John Simon sold 4,393 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $18.01, for a total transaction of $79,117.93. Following the completion of the transaction, the executive vice president owned 437,910 shares of the company's stock, valued at $7,886,759.10. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Pacific Gas & Electric Stock Up 0.8%
Pacific Gas & Electric stock traded up $0.15 on Friday, hitting $18.25. 5,074,359 shares of the stock traded hands, compared to its average volume of 22,358,959. Pacific Gas & Electric Co. has a 1 year low of $12.97 and a 1 year high of $18.38. The business's fifty day simple moving average is $16.00 and its 200 day simple moving average is $15.75. The firm has a market cap of $40.10 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.69 and a beta of 0.36. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 1.84.
Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.36 earnings per share for the quarter, meeting analysts' consensus estimates of $0.36. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $7.05 billion. Pacific Gas & Electric had a net margin of 10.84% and a return on equity of 11.28%. During the same period last year, the business earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, sell-side analysts forecast that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.
Pacific Gas & Electric Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from Pacific Gas & Electric's previous quarterly dividend of $0.03. Pacific Gas & Electric's payout ratio is currently 16.95%.
Analysts Set New Price Targets
PCG has been the subject of several analyst reports. Jefferies Financial Group reduced their target price on shares of Pacific Gas & Electric from $21.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pacific Gas & Electric in a report on Monday, December 29th. Barclays raised their price target on Pacific Gas & Electric from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on Pacific Gas & Electric from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, December 12th. Finally, UBS Group raised their price objective on Pacific Gas & Electric from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.09.
View Our Latest Stock Report on Pacific Gas & Electric
Hedge Funds Weigh In On Pacific Gas & Electric
Hedge funds and other institutional investors have recently modified their holdings of the stock. Titleist Asset Management LLC raised its stake in shares of Pacific Gas & Electric by 2.1% during the 3rd quarter. Titleist Asset Management LLC now owns 43,832 shares of the utilities provider's stock valued at $661,000 after buying an additional 882 shares during the last quarter. FreeGulliver LLC raised its position in Pacific Gas & Electric by 7.9% in the 3rd quarter. FreeGulliver LLC now owns 13,482 shares of the utilities provider's stock valued at $203,000 after purchasing an additional 987 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Pacific Gas & Electric by 2.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider's stock valued at $687,000 after buying an additional 1,142 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Pacific Gas & Electric by 8.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,195 shares of the utilities provider's stock valued at $259,000 after buying an additional 1,283 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Pacific Gas & Electric by 20.6% in the third quarter. Covestor Ltd now owns 9,029 shares of the utilities provider's stock valued at $136,000 after buying an additional 1,544 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.
About Pacific Gas & Electric
(
Get Free Report)
Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company's core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.
PG&E's operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.
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